8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

Almost 6% of all homeowners (8% of one type of loan) are “stuck” in some sort of forbearance.  Unfortunately, the number of borrowers in forbearance has barely budged recently with no end in site.  What does this mean for defaults?  Why is one mortgage type...
The time bomb coming to Colorado Housing

The time bomb coming to Colorado Housing

I’m amazed that there hasn’t been any major press on the impending time bomb heading for Colorado’s real estate especially in Denver and the resort communities.  Nearly 500,000 federally assisted apartments or rental homes can revert to market rents over next five...
Is Denver set for a long-term decline?  What does this mean for real estate?

Is Denver set for a long-term decline?  What does this mean for real estate?

Denver historically was the leader in Colorado real estate.  The tides have turned with the pandemic.  Year to date, sales in Denver are up around 5%, while Jefferson county, a suburban county of Denver is up 9%.  Furthermore, the appreciation in Summit county is over...
2021 Colorado Real Estate Market predictions: Who will win & Lose?

2021 Colorado Real Estate Market predictions: Who will win & Lose?

Happy New Year! It is time for my annual Colorado real estate predictions. How did I do last year?  I did really good especially with the uncertainty of the virus! (see below) 2021 is shaping up to be pretty exciting from a real estate perspective!  The main economic...
Colorado Ski towns gentrified years ago impact on real estate

Colorado Ski towns gentrified years ago impact on real estate

  I wrote a few weeks back about how Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco.  Nobody has really talked about it but “gentrification” is happening (already happened in most ski towns) at an even faster...